Joseph E. Creed's Phantom Stock Units Transaction

Joseph E. Creed, the Chief Executive Officer of Caterpillar Inc., reported a transaction involving phantom stock units under the company's non-qualified deferred compensation plan. On October 24, 2025, Creed acquired 29 phantom stock units at a price of $522.73 per unit, equivalent to one share of Caterpillar Inc. common stock. This transaction increased his total phantom stock units to 10,599. The phantom stock units are to be settled for 100% in cash upon Creed's retirement or separation from service. The transaction includes adjustments for dividends accrued and represents interests in an unfunded unitized company stock fund comprised of stock and cash.